Wedbush Comments on CAVA Group’s Q3 Earnings (NYSE:CAVA)

CAVA Group, Inc. (NYSE:CAVA) – Wedbush lowered their Q3 2026 EPS estimates for CAVA Group in a research report issued on Wednesday, March 19th. Wedbush analyst N. Setyan now anticipates that the company will earn $0.25 per share for the quarter, down from their previous forecast of $0.27. Wedbush currently has a “Outperform” rating and a $150.00 target price on the stock. The consensus estimate for CAVA Group’s current full-year earnings is $0.50 per share. Wedbush also issued estimates for CAVA Group’s FY2026 earnings at $0.89 EPS.

CAVA Group (NYSE:CAVA) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). CAVA Group had a net margin of 5.88% and a return on equity of 9.10%. The company had revenue of $227.40 million for the quarter, compared to analyst estimates of $223.34 million.

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of CAVA Group from a “neutral” rating to an “overweight” rating and set a $110.00 price target on the stock in a report on Thursday. Citigroup cut their price target on shares of CAVA Group from $163.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, February 21st. Barclays cut their price target on shares of CAVA Group from $127.00 to $104.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Loop Capital lowered their price objective on CAVA Group from $147.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Finally, Sanford C. Bernstein began coverage on CAVA Group in a research report on Wednesday, November 20th. They issued a “market perform” rating and a $145.00 price objective on the stock. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.47.

CAVA Group Trading Up 5.8 %

Shares of NYSE:CAVA opened at $81.20 on Thursday. CAVA Group has a twelve month low of $58.22 and a twelve month high of $172.43. The company’s 50 day moving average is $111.90 and its 200 day moving average is $123.36. The company has a market cap of $9.39 billion, a PE ratio of 176.53 and a beta of 3.58.

Institutional Trading of CAVA Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI acquired a new position in CAVA Group in the 4th quarter valued at about $25,000. Allworth Financial LP grew its position in CAVA Group by 369.2% in the 4th quarter. Allworth Financial LP now owns 244 shares of the company’s stock valued at $30,000 after acquiring an additional 192 shares in the last quarter. Larson Financial Group LLC grew its position in CAVA Group by 274.0% in the 4th quarter. Larson Financial Group LLC now owns 273 shares of the company’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Whittier Trust Co. grew its position in CAVA Group by 80.9% in the 4th quarter. Whittier Trust Co. now owns 284 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. Finally, Signaturefd LLC grew its position in CAVA Group by 884.4% in the 4th quarter. Signaturefd LLC now owns 315 shares of the company’s stock valued at $36,000 after acquiring an additional 283 shares in the last quarter. 73.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Tricia K. Tolivar sold 2,086 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total transaction of $248,609.48. Following the completion of the sale, the chief financial officer now directly owns 235,592 shares of the company’s stock, valued at approximately $28,077,854.56. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brett Schulman sold 20,564 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $119.18, for a total value of $2,450,817.52. Following the sale, the chief executive officer now directly owns 776,369 shares of the company’s stock, valued at $92,527,657.42. The trade was a 2.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,235 shares of company stock valued at $3,514,101 in the last three months. 12.10% of the stock is currently owned by insiders.

CAVA Group Company Profile

CAVA Group, Inc owns and operates a chain of restaurants under the CAVA brand in the United States. The company also offers dips, spreads, and dressings through grocery stores. In addition, the company provides online and mobile ordering platforms. Cava Group, Inc was founded in 2006 and is headquartered in Washington, the District of Columbia.